Top 8 Trending Cryptocurrencies Today: Why MANTRA (OM), Conflux (CFX) & More Are Gaining Momentum

Key Takeaways

• MANTRA (OM) rose over 40% in the last 24 hours, driven by its focus on real-world assets (RWA) and significant whale activity.

• Conflux (CFX) shows strong on-chain movement and is gaining momentum from its upcoming "Conflux 3.0" upgrade.

• Ethereum (ETH) benefits from recent narrative headlines, including significant institutional inflows into ETH ETFs.

• Each token offers short-term momentum opportunities and risks.

• This guide includes actionable trading strategies on Phemex.

Introduction

Crypto markets move fast. While Bitcoin and Ethereum lead in market capitalization, today’s real attention turns to eight trending altcoins. In this daily analysis, we outline why these tokens stand out, examine their performance, and show you how to trade them professionally on Phemex.
Explore Phemex Academy to deepen your strategy and market insight.

Today’s Top 8 Trending Cryptocurrencies

Below is a table summarizing the performance of today's top 8 trending cryptocurrencies.

1. OM – MANTRA

• 24h Change: +41.8%

• Volume: $1,133,276,624

• Market Cap: $334,276,511

• Rank: #246

Summary:
MANTRA has gained significant momentum due to its positioning as a leading blockchain for real-world assets (RWAs), attracting substantial investor interest. Currently trading around $0.3379, its focus on regulatory compliance and the tokenization of real-world assets has been a key driver of its recent rally.

Reasons for Trend:

• Strong RWA Narrative: MANTRA is benefiting from the growing interest in RWA tokenization, establishing itself as a key player in this sector.

• Whale Accumulation: There has been a noticeable increase in large-volume purchases by whale investors, indicating strong bullish sentiment from major holders.

• Technical Breakout: The token recently broke through key resistance levels, attracting further buying pressure from momentum traders.

Pro Tip: Watch the RSI near 90, which indicates overbought conditions, and look for potential consolidation before the next leg up.

Trade OM Now on Phemex

2. CFX – Conflux

• 24h Change: +87.14%

• Volume: $1,807,870,874

• Market Cap: $1,190,134,146

• Rank: #107

Summary:
Conflux has seen a massive surge in price and volume, driven by excitement around its upcoming "Conflux 3.0" upgrade. Currently trading around $0.2329, the network's focus on high performance and low fees positions it as a strong competitor to other layer-1 blockchains.

Reasons for Trend:

• Conflux 3.0 Upgrade: The anticipated launch of Conflux 3.0, which promises a new consensus mechanism and improved performance, is a primary catalyst for the rally.

• Short Squeeze: The price surge has been amplified by the liquidation of short positions, creating a cycle of buying pressure.

• Increased Trading Volume: A 374% surge in trading volume indicates strong speculative interest and market momentum.

Pro Tip: The RSI is in overbought territory, suggesting a potential for a short-term correction. Monitor for a retest of the breakout level around $0.10 for a potential entry point.

Trade CFX Now on Phemex

3. ETH – Ethereum

• 24h Change: +2.95%

• Volume: $54,496,207,629

• Market Cap: $454,448,091,061

• Rank: #2

Summary:
Ethereum is experiencing a strong upward trend, breaking past key resistance levels. Currently trading around $3,761.31, its momentum is fueled by significant institutional inflows and a bullish market outlook.

Reasons for Trend:

• Institutional Investment: Ethereum ETFs have seen substantial net inflows, with BlackRock's ETHA leading the way, indicating strong institutional confidence.

• Whale Activity: A significant purchase of 13,462 ETH (approximately $50 million) by a whale has further fueled the rally.

• Technical Breakout: ETH has surpassed key resistance levels, with analysts noting a "cup-shaped" pattern that often precedes significant price increases.

Pro Tip: The RSI is near overbought levels at around 72.2, suggesting a potential for a short-term pullback. However, the overall trend remains bullish.

Trade ETH Now on Phemex

4. PENGU – Pudgy Penguins

• 24h Change: +3.37%

• Volume: $790,704,884

• Market Cap: $2,011,106,790

• Rank: #68

Summary:
Pudgy Penguins (PENGU) has been a top performer, with its price surging due to a combination of hype around a potential ETF and strong community engagement. Currently trading around $0.032, the token is benefiting from increased interest in meme coins with strong brand recognition.

Reasons for Trend:

• ETF Speculation: The filing for a PENGU ETF by Canary Capital has generated significant buzz and speculation, driving investor interest.

• Exchange and Influencer Hype: Major exchanges like Coinbase changing their social media profile pictures to Pudgy Penguins NFTs has fueled the rally.

• Increased On-Chain Activity: The token has seen a surge in on-chain activity, reflecting growing interest from both retail and larger investors.

Pro Tip: The RSI is at a neutral 51.3, suggesting that the momentum has cooled slightly after the initial surge. A breakout above key resistance could signal further upside.

Trade PENGU Now on Phemex

5. SOL – Solana

• 24h Change: +4.22%

• Volume: $14,307,743,423

• Market Cap: $100,080,102,152

• Rank: #6

Summary:
Solana is showing renewed strength and is outperforming the broader crypto market. Currently trading around $186.06, technical indicators and strong fundamentals suggest potential for further upward movement.

Reasons for Trend:

• Strong Market Performance: Solana has been consistently outperforming both the global cryptocurrency market and other smart contract platforms.

• Bullish Technicals: The RSI is in a healthy range, and Heikin Ashi candles indicate sustained bullish momentum, suggesting the rally has room to grow.

• Ecosystem Growth: Ongoing network upgrades and a growing DeFi ecosystem contribute to the positive sentiment around Solana.

Pro Tip: The RSI is at a neutral 60.3, indicating that while there is bullish momentum, it is not yet overbought. A break above immediate resistance could trigger a larger rally.

Trade SOL Now on Phemex

6. XRP – XRP

• 24h Change: +2.65%

• Volume: $7,992,122,941

• Market Cap: $206,982,391,237

• Rank: #3

Summary:
XRP has been gaining significant momentum, with its price surging due to a combination of positive regulatory news, institutional adoption, and bullish technical indicators. Currently trading around $3.50, there is growing speculation about its potential to reach new highs.

Reasons for Trend:

• Regulatory Clarity: The conclusion of the SEC lawsuit against Ripple has removed a significant obstacle, boosting investor confidence.

• Institutional Adoption: Grayscale's addition of XRP to its Digital Large Cap Fund and pending ETF applications are driving institutional interest.

• Bullish Technical Patterns: Analysts have noted a rare "MVRV golden cross," a signal that has historically preceded significant price rallies for XRP.

Pro Tip: The RSI is at a high 83.78, indicating the asset is in overbought territory, which could signal a short-term correction.

 Trade XRP Now on Phemex

7. BTC – Bitcoin

• 24h Change: +0.33%

• Volume: $39,310,847,912

• Market Cap: $2,354,217,336,227

• Rank: #1

Summary:
Bitcoin continues to lead the market, with its price holding steady around $118,331. Its recent momentum is supported by strong institutional demand and a favorable regulatory environment.

Reasons for Trend:

• Institutional Demand: Spot Bitcoin ETFs have attracted billions in inflows, and corporate adoption continues to grow, with companies like Strategy (formerly MicroStrategy) expanding their holdings.

• Favorable Regulatory Environment: Positive developments in crypto legislation in the U.S. are providing much-needed clarity and boosting investor confidence.

• Post-Halving Dynamics: The recent Bitcoin halving has reduced the issuance of new coins, creating a supply squeeze that has historically led to price rallies.

Pro Tip: The RSI is in neutral territory, suggesting a balance between buying and selling pressure.

Trade BTC Now on Phemex

8. PI – Pi Network

• 24h Change: -0.19%

• Volume: $78,210,000

• Market Cap: $3,430,539,915

• Rank: #45

Summary:
The Pi Network has seen its price stabilize around $0.4448, with the community anticipating a future price surge. While it has not seen the same recent explosive growth as other trending coins, there is underlying potential for a breakout.

Reasons for Trend:

• Consolidation and Accumulation: The current price stability is seen by some analysts as an accumulation phase, where long-term investors are buying from sellers in anticipation of a future rally.

• Ecosystem Growth: The growth of dApps on the Pi network and the launch of an AI App studio are seen as positive long-term catalysts.

• Community Interest: There has been a recent surge in Google searches for "Pi $1 target," indicating renewed retail interest and speculation.

Pro Tip: The RSI is in neutral territory at around 57.78, suggesting there is room for upward movement before becoming overbought. A break above key resistance levels could signal the start of a new uptrend.

Market Sentiment & Strategy

Today’s trending tokens reflect rising interest in smaller-cap narratives. While momentum is compelling, volatility can be significant.
Recommended trader actions:

• Evaluate RSI to avoid overbought entries.

• Use stop-loss orders 5–10% below key support.

• Scale positions during consolidation.

• Monitor whale movements via on-chain tools.

• Confirm breakouts with price and volume alignment.

• Learn detailed strategies at Phemex Blog.

Closing Thoughts

These eight trending tokens highlight rapid market shifts. For both opportunity and risk, disciplined risk management and strategy tools are essential.
Start trading trending coins today on Phemex and enhance your edge.

Disclaimer

Crypto trading involves risks. Only invest what you can afford to lose and do your own research.

FAQ

Q1: How are trending coins identified?
Trending coins are selected based on 24–72h spikes in price, volume, and on-chain or social signals.

Q2: Can I trade these coins on Phemex?
Yes. Phemex supports many trending pairs with deep liquidity and advanced order tools.

Q3: What tools help in timing entries and exits?
RSI, MACD, volume analysis, and stop-loss orders help manage risk and fine-tune entries.

Further Reading

• Ethereum Price Prediction July 2025: Can ETH Hit $5K? — Phemex Blog

• CeFi vs. DeFi Lending: Which Is Right For You?– Phemex Blog

• Using Technical Indicators (RSI, MACD) – Phemex Academy